FICO SCORING - REVOLVING CREDIT

FICO SCORING - REVOLVING CREDIT

I am new to this forum and understanding FICO scoring and esp. scoring revolving credit that is paid off monthly. Three quick questions.

1. When FICO looks at (CREDIT CARD) outstanding balance vs. available credit, does it include past outstanding balances(and if so how far back) or just the balance reflected at scoring request date?

2. If less than 10pct. oustanding vs. available credit is a good goal, does it help to pay the credit card down electronically mid billing cycle so that when the statement comes out it shows less than 10pct?

3. Does having larger available credit (ie. $20,000 vs $10,000) hurt your FICO score? Seems to me the larger the better to help with the less than 10pct rule.

Thank you very much in advance to the experts out there for sharing any wisdom.

Re: FICO SCORING - REVOLVING CREDIT

I am new to this forum and understanding FICO scoring and esp. scoring revolving credit that is paid off monthly. Three quick questions.

1. When FICO looks at (CREDIT CARD) outstanding balance vs. available credit, does it include past outstanding balances(and if so how far back) or just the balance reflected at scoring request date?

2. If less than 10pct. oustanding vs. available credit is a good goal, does it help to pay the credit card down electronically mid billing cycle so that when the statement comes out it shows less than 10pct?

3. Does having larger available credit (ie. $20,000 vs $10,000) hurt your FICO score? Seems to me the larger the better to help with the less than 10pct rule.

Thank you very much in advance for any wisdom from the experts here share.

I know some people who pay down before the cycle and due dates for utilization purposes. I say get as much available credit as you can if you won't use it.

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation.
Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies.
Many factors affect your FICO Scores and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating.
FTC's website on credit.

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.